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Since final plat approval, sidewalks have been provided with the <br />subdivision as residences have been constructed. As of this time, <br />over 50% of the internal sidewalk system has been constructed in <br />the subdivision. Pursuant to subdivision ordinance provisions, the <br />sidewalk completion deadline can be extended to June 12, 1994. The <br />developer wishes to extend the contract for construction, and staff <br />desires to see the sidewalk improvements completed. The developer <br />has submitted a Contract for Construction Extension Agreement and <br />a new Letter of Credit to secure the Contract Extension. <br />ANALYSIS: <br />The project engineer has certified that the new bond amount of <br />$5,075.00 represents 115% of the estimated cost to construct the <br />remaining required internal sidewalks for the subdivision. Staff <br />has no objection either to the estimate or to the extension of the <br />contract for construction. The County Attorney's Office has <br />reviewed and approved the Extension Agreement which has been <br />executed by the developer. As this is the final extension for <br />which this subdivision project is eligible, all remaining sidewalk <br />'improvements are to be completed by June 12, 1994. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners approve the <br />Contract Extension and accept the new Letter of Credit (in the <br />amount of $5,075.00). <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Wheeler, the Board unanimously approved <br />the Extension of Contract for Construction of <br />Required Sidewalk Improvements with Vista Properties <br />of Vero Beach, Inc., and accepted the amended letter <br />of credit #038691 from Harbor Federal in the reduced <br />amount of $5,075.00, as recommended by staff. <br />CONTRACT AND AMENDED LETTER OF CREDIT IS ON FILE IN THE OFFICE OF <br />MANAGEMENT AND BUDGET <br />14 <br />